ALYI Confirms Africa Electric Vehicle Developments With $20 Million Order Update
April 04 2019 - 10:19AM
InvestorsHub NewsWire
ALYI Confirms Africa Electric
Vehicle Developments With $20 Million Order Update
DALLAS, TX --
April 4, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) today confirmed that management will meet
potential partners and tour facilities next week in Kenya looking
to possibly open an assembly plant to complete manufacturing in
Africa for ReVolt Electric Motorcycles to be sold across the
African continent. ALYI has signed $1.5 million in confirmed
orders for its ReVolt Electric Motorcycles to be delivered in Kenya
and announced a prospective order for two thousand additional
ReVolt Electric Motorcycles which would total $20 million in
sales. A commitment to open a plant in Kenya is part of an
overall deal that would include the initial order of 2,000 ReVolt
Electric Motorcycles. Today management announces a scheduled
management out-brief to be published next Friday, April
12th, from Kenya with details of the meetings and
a status of the overall deal that would include the $20 million
order.
ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The first product category is
lithium battery-powered motorcycles, to be followed by motorbikes.
ALYI also has an ongoing hemp energy storage initiative leading its
current efforts to introduce an alternative to lithium
batteries.
Research Report
Speculative Buy Rating And $0.09 Target
PPS
Goldman Small Cap Research has recently issued a
research report update on the Company. The report confirms a
'speculative-buy' rating with a target price-per-share
of $0.09. The report provides an in-depth overview and
analysis of Alternet's new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-update or http://www.GoldmanResearch.com.
Goldman Small Cap Research has also recently issued reports
on GD
Entertainment And Technology (OTC:
GDET), First Vanadium Corp. (OTCQX:
FVANF) and Puration,
Inc. (OTC:
PURA).
Disclaimer/Safe
Harbor: This news release contains forward-looking statements
within the meaning of the Securities Litigation Reform Act. The
statements reflect the Company's current views with respect to
future events that involve risks and uncertainties. Among others,
these risks include the expectation that any of the companies
mentioned herein will achieve significant sales, the failure to
meet schedule or performance requirements of the companies'
contracts, the companies' liquidity position, the companies'
ability to obtain new contracts, the emergence of competitors with
greater financial resources and the impact of competitive pricing.
In the light of these uncertainties, the forward-looking events
referred to in this release might not occur.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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